安永2024中国经济以进促稳前景可期英文版10页.pdf

Chinaseconomyis

poisedtoconsolidate

stabilitythrough

progressin2024

February2024

►China’seconomyhitthegovernment’starget

witha5.2%increaseyear-on-year(YoY)in

2023,yettherecoveryremainedunevenand

stillneedstobeconsolidated.

►Therecoveryofserviceandhigh-end

manufacturingactivitieswasthemaindriverfor

growth,however,therealestate,financial

industryandinternetplatformeconomyarestill

underpressureandwilllikelyremainso

throughout2024.

►WhileChinaseconomywillcontinuetoface

bothinternalandexternalrisksandchallenges,

theupwardrecoverytrajectorywilllikely

continuethisyearandfurtherconsolidate

thankstostrongresilienceoftheeconomyand

plentyofpolicytoolsandroomsforthe

policymakerstoeffectivelytackledownward

pressure.

►Acceleratingthedevelopmentofamodern

industrialsystem,expandingdomesticdemand

andenhancingeconomicvitalitywillbethekey

tasks.Amidcyclicalweaknessassociatedwith

lowerglobaldemand,aproactivefiscalpolicy

willtakealeadingrole,withtargetedmeasures

beingtakenincertainsectors.

►Thecentralbankwillcontinuewithaprudent

monetarypolicytopumpout“flexible,

moderate,preciseandeffective”supportto

economicrecovery.Preventinghiddenlocal

governmentdebt1anddivertingmorefinancial

supporttotechnologicalinnovationandgreen

developmentwillensureasmooth

transformationfromoldpatternstonewonesin

keyspheres.

1.P,

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r=spiderfor=pc

3

Chinaseconomysawsteadyrecoveryin2023,butheadwindsremainincertain

sectors

►TheChineseeconomyhassecuredsteadygrowthThehigh-endmanufacturingindus